Teekay Tankers Ltd - Class A

Teekay Tankers Ltd. is a Bermuda-incorporated crude oil and product tanker company that owns and operates a fleet of Suezmax, Aframax/LR2, and VLCC tankers. As of June 30, 2026, its fleet consisted of 40 vessels, including 33 owned tankers, five chartered-in vessels, and two committed Suezmax newbuildings scheduled for 2027 delivery. Approximately 65% of the fleet is aged 15 years or older, and the company has stated its intention to pursue fleet renewal. The company employs a chartering strategy that seeks to capture upside in the spot tanker market while using fixed-rate time charters and full service lightering contracts to mitigate downside risk. In addition to its core tanker operations, the company provides operational and maintenance marine services to the Australian government, Australian energy companies, and other third parties, as well as ship-to-ship support services and tanker commercial and technical management operations. The company maintains a debt-free balance sheet with substantial cash reserves and short-term investments totaling approximately $1.3 billion in consolidated liquidity as of June 30, 2026. Teekay Tankers is a subsidiary of Teekay Corporation and is subject to EU ETS, FuelEU Maritime, and as of July 1, 2026, UK ETS greenhouse gas emissions regulations. Updated Jul 31, 2026